Category: Residential Mortgages

There were 98,400 residential property transactions in September, down 0.5% from August and 2.7% year-on-year, HMRC property statistics showed.

House prices in Salisbury have fallen almost 9% since the international incident that took place in the city earlier this year, has found.

The number of properties available to buy increased by 15% in September – rising from 40 in August to 46 per branch on average, NAEA Propertymark’s Housing Report has found.

It recommended for lenders to be required to display the true cost of a mortgage at the point of sale and give online access to key information.

Price rises continue to slow in Scotland, down 0.2% in August from July, the fourth consecutive drop in prices since May, the Your Move/Acadata House Price Index for Scotland has found.

Furness cuts 2-year fixes

The lender said the reduction demonstrates its support for the intermediary market.

The Bank of England could be underestimating the detrimental impact of a hard Brexit – which could result in hundreds of thousands losing their jobs, the Association of Mortgage Intermediaries has warned.

Kent Reliance hires two BDMs

Kent Reliance has appointed two business development managers, Krissy Salmon as BDM in the South, covering the South Coast and South Coast, South West England and Wales and and Simon Ward as BDM in the North.

The UK property market remains strong and defiant despite damning pre-Brexit predictions about the impact of the vote to leave, an analysis from estate agent haart has found.

Online mortgage broker Trussle is working on its open banking capabilities to quicken the mortgage process, Dilpreet Bhagrath, product liaison at Trussle has revealed.